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Undergraduates in the Big Apple for Up-Close Look at the World of Finance

October 30, 2013
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A group of 16 undergraduate business students had the opportunity to learn about the world of finance first-hand in New York City in October. The trip, made possible through the Bermont-Carlin Scholars Program, included visits to the JP Morgan, Morgan Stanley, Citigroup, Barclays, UBS, Goldman Sachs, Bank of America Merrill and a number of other firms. Students spent four days in the Big Apple to learn about the finance industry and get an up-close view of what it is like to work on Wall Street.

The program was established by prominent wealth managers and civic leaders Adam E. Carlin and Richard B. Bermont, senior partners of the Coral Gables-based The Bermont/Carlin Group at Morgan Stanley Smith Barney.

Sophomores interested in pursuing careers in investments are invited to apply for the Scholars program during the spring semester. Once selected, the Bermont/Carlin Scholars begin the program during the summer with self-directed readings on current events and both new and classic books on the investment industry. In addition, each Scholar prepares an in-depth research report on a target bulge-bracket firm that offers summer internships in the New York City area.

Andrea Heuson, professor of finance, and Brian Barrett (2nd from right), associate professor of finance, who organized the trip and accompanied students, pictured here with Adam E. Carlin (center), Richard B. Bermont (right), and Anuj Mehrotra (left), vice dean of graduate programs and executive education, at the campus kickoff for the program on Sept. 17.

After their return to campus, the Bermont/Carlin Scholars benefit from continued training and networking opportunities with both the local and national investment community as they navigate the internship application process. In addition, they begin to serve as mentors to the next group of Bermont/Carlin Scholars, helping to publicize the opportunity to sophomores, acting as advocates and counselors for other University of Miami students who are interested in careers in the investments industry and filling leadership roles in a variety of finance- and business-oriented student groups.

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